KIIFB allocates Rs 1.02 bn for Kochi metro phase II's land acquisition

The Kerala Infrastructure Investment Fund Board (KIIFB) has allocated Rs 1.02 billion to purchase land for the Kakkanad extension of Kochi Metro, putting the project on track. The process of acquiring land and compensating the landowners will be finished in one month. Kochi Metro Rail (KMRL) would be able to start the processes for requesting bids for the building of stations and Metro viaducts after the land purchase is finished. The authority will be paying out compensation as soon as they have the necessary monies. The KRML claims to have deposited a certain sum into the revenue department's account, however sources at the revenue department claim that the account has not been credited with that amount. There might have been a technical issue. If the KMRL deposited the money, it ought to be added to our account by the end of the following working day. The stretch of road from Palarivattom Junction to Chembumukku has been widened. Land acquisition along the Kunnumpuram-Infopark corridor has come to an end. For the stretch of road between Chembumukku and Kunnumpuram, land acquisition is still in progress. The government has already set aside the necessary funds to compensate the owners of the property that will be used for Metro stations. Four of the 11 stations along the Jawaharlal Nehru Stadium-Infopark stretch would be owned by the government or institutions of the government. 11.17 km will be covered in Kochi Metro's Phase II extension. A few years ago, it was expected that the project would cost about Rs 24 billion. The likelihood of cost growth is significant. Along the Metro corridor, roads will need to be extended to 22 metres. Also read: Former UPMRCL MD receives Lifetime Achievement Award Contract to supply HHR for Chennai metro phase 2 is won by VNC-KEC JV